Macroeconomics
INS: Adjusted Industrial Output Rises 2.4% In September
Romanian adjusted industrial production rose 2.4% in September compared with a month earlier, on higher output in most sectors, the country’s statistics institute INS said Friday.
EXCLUSIVE: Government Expects Total Revenues Of RON202B In 2014 – Draft Budget
Romania’s government estimates total revenues to the general consolidated budget will reach 201.9 billion lei (EUR45.5 billion) in 2014, down from RON205.8 billion expected this year, accord...
INS: September Industrial New Orders +17.3% On Month, +2.9% On Year
Romanian industrial new orders rose 17.3% on the month in September, fueled by higher demand in all sectors, the statistics institute INS said Thursday.
Industrial Sales Rise 11.4% On Month In September
Romanian industrial sales rose 11.4% in September after declining in the previous month, helped by growing demand in all sectors, the country’s statistics institute INS said Thursday.
EXCLUSIVE: Government To Allow Local Authorities To Raise Taxes For Individuals By More Than 20%
The government will allow for local taxes for individuals to be raised by more than 20%, citing local authorities’ “financial difficulties”.
EXCLUSIVE: Romania Raises Excises By Nearly 5% In 2014, Expects Additional RON3.4B Revenue
Romania will raise excise duties for next year by 4.77%, the average annual inflation rate calculated in September, and the Government expects the measure will reign in additional revenue of...
Romania Central Bank Still Has Room To Cut Rates - Governor
Romania’s central bank still has “some” room to further lower its main interest rate, following four consecutive cuts this year, governor Mugur Isarescu said Tuesday.
BNR Cuts Key Rate By 25 Bps To Record Low Of 4%
Romania’s central bank Tuesday lowered its main monetary policy rate by 25 basis points to a new all-time low of 4% a year, in line with market expectations.
EC Sees Romania Economy Expanding 2.1% In 2014
Romania’s economy is likely to expand 2.1% in 2014 and to accelerate to 2.4% in 2015, with growth drivers expected to switch from net exports to domestic demand, the European Commission said...